Marine lenders announce change

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Phil Swaun, from the Swaun Funding Group, has joined Newcoast Financial Services as it’s Northeast regional manager.

Newcoast is one of the largest and most respected marine finance companies in the industry,” Swaun said in an e-mail to dealers announcing the move. “They have every funding source available in today’s marketplace, which will increase approval ratios. I will be able to offer sub-prime lending, an indirect and direct dealer compensation program.”

The Swaun Funding website, with the online approval application, will still be active, he added.

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